Challenges of Accounting in Global Organizations: A Comprehensive Analysis

Running head: BUSINESS RESEARCH METHODOLOGY
BUSINESS RESEARCH METHODOLOGY
Name of the Student
Name of the University
Author’s Note

1BUSINESS RESEARCH METHODOLOGY
Table of Contents
Introduction......................................................................................................................................2
Project Objective.............................................................................................................................3
Project Scope...................................................................................................................................3
Literature review..............................................................................................................................4
Research Questions..........................................................................................................................7
Primary Question.............................................................................................................................7
Secondary Question.........................................................................................................................8
Research Design and Methodology.................................................................................................8
Research Design..............................................................................................................................8
Research Philosophy........................................................................................................................9
Research Method...........................................................................................................................10
Data collection method..................................................................................................................10
Sampling design.............................................................................................................................11
Sample size....................................................................................................................................11
Research Limitations.....................................................................................................................11
Conclusion.....................................................................................................................................13
References......................................................................................................................................14

2BUSINESS RESEARCH METHODOLOGY
Introduction
The purpose of this research study is to focus on the challenges of accounting in the
global organization. Recent evidences reflect that the enterprises across FSI (financial services
industry) are facing huge challenges owing to constantly evolving complexities that has been
presented by financial accounting and regulatory requirements. Now- a- days global organization
face several challenges regarding accounting. Maintaining numerous books of accounts of
several global organizations spread across various locations and thus consolidating this for
cohesive presentation is highly difficult. Different accounting practices, accounting standards
and rules as well as regulations create challenges for the global corporations. Financial
accounting is considered as one of the important aspects of the global accounting, which is
regulated by GAAP(Generally Accepted Accounting Principles). Its basic purpose is to prepare
financial statements for external stakeholders. The organizations prepare financial statements
based on GAAP principles that are needed to be standardized (Bryman and Bell 2015). There are
few nations where rising economic development as well as enhancement of capital market has
led to the age of finance and information. This in turn led to huge change in the environment of
financial accounting and several challenges. In order to deal with all these challenges, global
organizations devote huge efforts as well as resources. Nevertheless, still now there are several
challenges that are unsolved owing to its complexities. This study provides a comprehensive
analysis of several challenges that are faced by global organizations due to financial accounting.
Furthermore, the study also reflects on the literature review on how the global organizations are
facing difficulties in financial accounting. Furthermore, the research methodology section
focuses on the methods adopted for doing this research study.

3BUSINESS RESEARCH METHODOLOGY
Project Objective
The main objective of this project is to identify the challenges of accounting faced by the
global organizations. Particularly, the sub- objectives considered for this project are given below:
 To identify the accounting challenges that global enterprises face from the economic
environment.
 To examine the accounting challenges stemming from production as well as business
operations
 To identify the accounting challenges originating from organizational structure.
 To investigate how different regulations for each nation poses challenges of accounting
to the enterprise
 To recognize how consolidation of enterprises creates challenges of accounting
 To investigate how transfer pricing as well as intercompany allocations of cost creates
accounting related challenges for multinational enterprise.
Project Scope
This particular research project provides huge scope to the multinational organizations to
understand the different kinds of accounting related challenges that might affect them while
doing business in the global market. This research study will not only help the global business to
understand these challenges but also help them to mitigate these challenges occurring in their
business operations. In addition to this, this research project will also facilitate these global
enterprises to face these obstacles and avoid risk in businesses.